Independent journal on economy and transport policy
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Quarter October-December 2021 record for the Japanese company ONE
The volumes of containerized cargo transported by the fleet are decreasing. However, demand is growing
January 31, 2022
The containerized volumes transported by the ONE fleet in the October-December quarter of last year decreased of -8% having been equal to over 2.9 million teu. The company Japanese specified that the reduction in volumes was determined by blank sailing implemented due to congestion of ports and occurred despite the continuation the high demand for containerised maritime shipments, in particular of those of consumer goods. ONE also recorded a increase in operating costs, including that of the bunker whose average price in the quarter was 531 dollars/tonne (+69%).
In the first nine months of fiscal year 2021, the revenues of the company totaled $21.67 billion, up +124% on the same period of the previous fiscal year. EBITDA and EBIT amounted to €12.78 billion respectively dollars (+385%) and 11.97 billion dollars (+536%). Net profit is state of 11.65 billion dollars (+616%).
In the first nine months of the 2021 financial year, containers transported from the fleet were equal to 9.2 million teu (+3%).
ONE adjusted upwards its forecast for the whole fiscal year 2021 previously formulated last October. Now the company believes that annual revenues will be equal to 29.4 billion dollars, up +14% on the year previous, EBITDA at 16.86 billion (+28%), operating profit at 15.80 billion (+31%) and net profit at 15.40 billion dollars (+31%).
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